Smiths Group plc (LON:SMIN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1,307.04 and traded as high as $1,390.00. Smiths Group shares last traded at $1,375.00, with a volume of 813,985 shares.
SMIN has been the subject of a number of recent research reports. Goldman Sachs Group upped their price target on Smiths Group from GBX 1,520 ($19.86) to GBX 1,580 ($20.65) and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Societe Generale lowered their price objective on Smiths Group from GBX 1,450 ($18.95) to GBX 1,435 ($18.75) and set a “hold” rating for the company in a research report on Friday, July 3rd. Liberum Capital restated a “hold” rating on shares of Smiths Group in a research report on Tuesday, June 30th. Barclays raised their price objective on Smiths Group from GBX 1,375 ($17.97) to GBX 1,690 ($22.08) and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. raised their price objective on Smiths Group from GBX 1,300 ($16.99) to GBX 1,500 ($19.60) and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Smiths Group currently has an average rating of “Buy” and a consensus target price of GBX 1,560.71 ($20.39).
The company has a debt-to-equity ratio of 65.21, a current ratio of 2.76 and a quick ratio of 1.02. The stock has a fifty day simple moving average of GBX 1,415.99 and a two-hundred day simple moving average of GBX 1,308.73. The firm has a market capitalization of $5.56 billion and a P/E ratio of 21.14.
The company also recently disclosed a dividend, which will be paid on Friday, November 20th. Shareholders of record on Thursday, October 22nd will be paid a GBX 11 ($0.14) dividend. The ex-dividend date is Thursday, October 22nd. This represents a yield of 0.83%. Smiths Group’s dividend payout ratio (DPR) is presently 52.71%.
In other news, insider George Buckley acquired 919 shares of Smiths Group stock in a transaction on Monday, August 3rd. The stock was purchased at an average price of GBX 1,360 ($17.77) per share, with a total value of £12,498.40 ($16,331.37).
About Smiths Group (LON:SMIN)
Smiths Group plc operates as a technology company severing the medical technology, security and defense, general industrial, oil and gas, and space and commercial aerospace markets worldwide. The company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek.
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